Definitions of the terminology used most frequently in the posts and on the charts:
HH, HL, LH, LL - Higher High, Higher Low, Lower High, Lower Low
P/A or Price Action - description of price movements, i.e. a series of HH's & HL's describes an up trend
TLB - Trend Line Break
TLB-Retest - price returning to the level at which it broke a trend line
Divergence or DIV - Price going one direction while indicators do the opposite
2xD - two indicator divergence...3xD - three indicator divergence
REV DIV or RD - reverse or hidden divergence...example: price making a HL while indicator(s) make a LL
Reversing Divergence - used at trend tops...price making HH while indicators show LHs
MOF - Money On the floor, a pull back that reverses before reaching a previous low...
(often it's the first HL that marks the reversal of a down trend)
Slingshot or Sling - describes a pattern in the stochastic indicator, usually from the over-sold area
MACD Trend or MAC T or MT - refers to the short term or longer term direction of the MACD EMA lines
MT SLING - MACD EMA lines are horizontal or sloping up and STO is hooking up from O/S.
2B Dragon or 2B - a specific double bottom pattern where features of the mythical creature can be described:
Starting on the upper left of the chart - a 'Top-of-Tail' followed by 'rear feet' + 'front feet' with a 'Hump' in between
followed by a consolidation area that defines the dragon's 'Head'
The following are links to pages on my other blogs:
Sharpshorts Day Trading...My main blog...Page links:
DAILY EOD LOG and NOTES
I post short reviews of the day's market action, chart links and miscellaneous thoughts related to my trading
PRICE ACTION & DIVERGENCE
Descriptions of trading terms including: Price Action, Trends within Trends and Divergence.
RECORD KEEPING & STATISTICS
Spreadsheets including Daily & Monthly Trade Logs, Projection Workbook and Tax form...
AND how to create them using Freeware Office programs.
Also an Image Capturing program from Gadwin Systems.
MOF and SLINGSHOTS ---- 2B DRAGONS ---- BRACH ZONE
Definitions of regularly repeating patterns that occur on charts
of any market and on any time frame.
PUTTING IT ALL TOGETHER
A summary of how I trade using P/A, Patterns and Indicators.
Daytrades...My earliest blog...Page links :
50% DJIA PLUNGES
A chart history of the Dow Jones Industrials from 1929
TRADING WISDOM
Trader's rules from some of the better known speculators.
TRADE LIBRARY
List of books I have referenced over the years and recommend reading.